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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Hotels
4716 New Bern Ave, Raleigh, NC 27610-1438
Entity Owned
~
Est. High Equity
Property ID
US53-0280692
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,940 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CX-3
APN
1734.09-15-3368 0168936
UPID
US53-0280692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Quality Inn Raleigh Near Walnut Creek Amphitheatre Hotel & Motel
-
Econo Lodge Raleigh near Walnut Creek Amphitheatre Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$4.52M
Blend (final)
Blend
$3.44M
Owner & transaction history
Maruti Rtp INC
Maruti Rtp INC
since 2026
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,695,000
6.5%
$2,490,000
7%
$2,310,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,400,000
Current use
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10% · vs last sale $2.85M (Jan 8 2026)
Last sale anchor
$2.85M
Jan 8 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,327
Tax year 2023
Assessed value
$3,424,493
Assessed 2023
Previous assessed
$3,424,493
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$605,464
Assessed improvement
$2,819,029
Land market value
$605,464
Improvement market value
$2,819,029
Total market value
$3,424,493
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
60
Total area
25,940 SF
Lot
1.32 ac (57,499 SF)
Zoning code
CX-3
APN
1734.09-15-3368 0168936
UPID
US53-0280692
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.4M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
60
Lot
1.32 ac
Current owner
From public records · entity-resolved
Maruti Rtp INC
Entity
Mailing address
150 CORNERSTONE DR, CARY, NC 27519-8481
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
$2,850,000
Maruti Rtp INC
Ng Hospitality LLC
Special Warranty Deed
$2,880,000 · Prestige Real Holding LLC
May 4, 2022
$4,408,000
Ng Hospitality LLC
Ahkh LLC
Special Warranty Deed
$3,990,000 · Bank Of George
Dec 12, 2019
—
Ahkh LLC
—
Deed
related
$1,691,500 · Poppy Bk
Apr 27, 2007
$3,000,000
Ahkh LLC
Rdl INC
Grant Deed
$1,790,000 · Zions First National Bank
Oct 11, 2002
$3,000,000
Rdl INC
Commonwealth Gro
Grant Deed
—
—
—
Ahkh LLC
—
Deed Of Trust
related
$1,691,500 · Poppy Bk
—
—
Ahkh LLC
—
Deed Of Trust
related
$1,691,500 · Poppy Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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